Friday, August 19, 2016 12:10:14 PM
"The market is or will be pricing in 15 to 20x of future cash at any time."
In 2008, this stock traded at $180. Shares outstanding back then was 10.2 million. So the market cap was 1.8+ Billion. 15x that would be $27.5 Billion. 20x that would be 36.7 Billion.
Just look at when in the subsequent years OPTT has ever generated $27-37 billion cash. It simply kept on burning cash year after year.
Did that prove your statement at all? LOL.
OPTT will be burning cash for many years to come! Wake up!
100+% interest rate is the only factor that has kept me from shorting it. Moreover, the chart pattern has not given green yet. But the time will come in the next few months.
Recent OPTT News
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 09/24/2024 10:09:32 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 08:05:11 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 08:57:38 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 08:54:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 09:14:54 PM
- Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2025 Results • GlobeNewswire Inc. • 09/16/2024 09:02:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 08:05:20 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/12/2024 01:15:41 PM
- Ocean Power Technologies Awarded $1M Contract for Naval Information Warfare Center Pacific’s Project Overmatch’ Mission Autonomy Proving Grounds • GlobeNewswire Inc. • 09/12/2024 12:41:04 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 09/12/2024 04:15:05 AM
- Ocean Power Technologies Completes AI capable Merrows™ PowerBuoy® for Delivery to the Middle East • GlobeNewswire Inc. • 09/10/2024 12:00:00 PM
- Ocean Power Technologies Completes New WAM-V for Immediate Delivery to Latin America • GlobeNewswire Inc. • 09/09/2024 12:00:00 PM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 09/06/2024 08:16:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 08:05:34 PM
- Ocean Power Technologies Completes Long Term Testing of Next Generation PowerBuoy® • GlobeNewswire Inc. • 09/05/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/04/2024 08:19:21 PM
- Ocean Power Technologies Receives Further Contract for PowerBuoy® Deployment with Naval Postgraduate School • GlobeNewswire Inc. • 09/03/2024 12:00:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/30/2024 08:10:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:05:15 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 08/28/2024 09:00:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2024 08:05:35 PM
- Ocean Power Technologies to Report Fiscal 2025 First Quarter Results on September 16, 2024 • GlobeNewswire Inc. • 08/21/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:05:30 PM
- Ocean Power Technologies Continues Global Expansion with Signing of Strategic Reseller Agreements in All Key Continents • GlobeNewswire Inc. • 08/12/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:06:06 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM